Application for Cancellation of Listing

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS UNLAWFUL.

DORIC NIMROD AIR TWO LIMITED

Application for Cancellation of Listing

27 February 2013

Doric Nimrod Air Two Limited (the "Company") announces that further to the announcement dated 18 February 2013 in relation to the Conversion an application has been made for the Convertible Preference Shares (the "C Shares") to be cancelled from their official listing on the Channel Island Stock Exchange and the C Shares will be permanently removed from trading on the Specialist Fund Market of the London Stock Exchange with effect from 6 March 2013 at 8.00 a.m. (UK).

For further information, please contact:

Company

Doric Nimrod Air Two Limited

Anson Place, Mill Court,

La Charroterie, St Peter Port,

Guernsey GY1 1EJ

Tel: +44 (0) 1481 722260

Website: www.dnairtwo.com

Corporate & Shareholder Advisor

Nimrod Capital LLP

3 St. Helen's Place

London EC3A 6AB

Tel: +44 (0) 20 3355 6855

Website: www.nimrodcapital.com

END OF ANNOUNCEMENT

E&OE - in transmission.